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    Babylon Village Professional/Medical Opportunity Title is generated by Realmo AI

    60 Little East Neck Road, Babylon, NY 11702

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    Claim this Listing
    For Sale
    $1,100,000

    SINGLE_FAMILY - Babylon, NY

    Type:Office
    Lot size:
    0.38 Acres
    Added:
    Mar 27, 2026
    Days on Market:
    47
    Last Refresh:
    May 12 at 9:06 am

    Property Features for 60 Little East Neck Road

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    480
    Parking
    10
    Standard status
    Active
    APN
    0102-008-00-02-00-068-002
    Lot size
    0.38 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    21124

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Oil
    Cooling system
    Central Air, Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1977
    Floors in Building
    2
    Building materials
    Brick, Vinyl Siding

    We can help!

    Listing Contact
    Georgia Westcott

    Listing agent Georgia Westcott

    Listing office Signature Premier Properties 126 W Main St, Huntington, NY

    Listing date Mar 27, 2026

    MLS# 977444

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High visibility location on Main Rd (109) in Babylon Village, near major intersections and transportation.
    • Free‑standing building with ample parking and room for expansion.
    • Versatile space suitable for medical, professional office, or residential/office use.
    • Two‑story layout with similar floor plans on each level, adaptable for various uses.
    • Recent upgrades include a new roof (2025) and a new 1st floor CAC unit (2024).
    • Proximity to Good Samaritan and Southside Hospitals.

    Overview

    This free-standing building, situated in Babylon Village, offers high visibility on Main Road (109) and ample parking, with room for expansion. Located three blocks from the intersection with 27A, it is surrounded by medical and professional buildings and is conveniently located 10 minutes from Good Samaritan Hospital and 15 minutes from Southside Hospital. The lower level features a handicap ramp, four exam rooms/offices, a large waiting room, and a bathroom; currently, the main level is used for an acupuncture business. The upstairs layout mirrors the lower level and is currently used as office space. This location presents opportunities for medical, dental, chiropractic, or any professional office space. It can also serve as a residential/office space for those seeking to live and work at the same address. Signage is available on Main Road. The building is set back from the road, ensuring a quiet environment. A new CAC unit was installed on the first floor in 2024, and a new roof was installed in 2025. The property is near train stations and bus routes. The zoning is 480. The lot size is 0.3761 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Northwestern Mutual Financial Advisor Breit Group Financial Advisor Acubilities Alternative Medicine Practice Ms. Nina Frankel Alternative Medicine Practice Breit Group - Northwestern ... Financial Advisor

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Babylon
    County
    Suffolk
    State
    New York
    Longitude
    -73.335178
    Latitude
    40.694935

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    FAQs

    What type of property is this?
    Medical Office Space - Free-standing building in Babylon Village suitable for medical or professional use.
    Where is this medical office space located?
    The property is located at 60 Little East Neck Road Babylon, NY.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: High visibility location on Main Rd (109) in Babylon Village, near major intersections and transportation.; Free‑standing building with ample parking and room for expansion.; Versatile space suitable for medical, professional office, or residential/office use.
    (631) 673-3700
    We can help!
    Listing Contact
    Georgia Westcott
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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